Trump Bill Sparks Tax Confusion, Legal Challenges

President Donald Trump signed the 'One Big Beautiful Bill,' which provides a temporary $6,000 tax deduction for seniors aged 65 and older earning up to $75,000, with the benefit phasing out at higher incomes and expiring after a few years. Contrary to early messaging from the Social Security Administration and the White House, the bill does not eliminate federal income taxes on Social Security benefits for most recipients. Critics say the deduction mainly benefits higher-income retirees, offering little relief to low- and middle-income seniors. The SSA’s misleading announcement has drawn condemnation from former officials and lawmakers for overstating the bill’s impact. Additionally, a federal judge issued a temporary restraining order blocking the bill’s provision to defund Planned Parenthood after the organization challenged the Medicaid reimbursement ban in court. The full ramifications of the bill and its contested provisions are still unfolding.